Zuckerberg defended his leadership of the social media giant during a staff-wide meeting Thursday morning two days after announcing the company would be cutting 10,000 workers in a months-long restructuring and downsizing effort.
. He said he would expect to be evaluated based on the company’s performance and transparency about its mission but that leaders should be allowed to change their thinking, according to an audio live stream of the town hall obtained by The Washington Post.“I would guess that the way people would evaluate whether you trust me and want to work at this company in whether we are succeeding in making progress toward the overall stated goals,” Zuckerberg said in the town hall.
told staffers in a companywide meeting that he didn’t foresee having to make those kind of cuts for the “foreseeable future.”facing the company will be around for a while and he saw that the November cuts seemed to boost the company’s efficiency.
Zuckerberg proclaimed earlier this year that 2023 would be the “year of efficiency” following months of declining revenue. The social media giant, which makes most of its money from digital advertising, is facing intensifying competition for advertising dollars and users from newer entrants in the social media market such as the short-form video network TikTok.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meta - owner of Facebook - to cut 10,000 jobs in latest round of cuts, Mark Zuckerberg saysMeta - owner of Facebook - plans to lay off around 10,000 employees and get rid of 5,000 additional open roles in round of cuts in the past six months.
Read more »
Mark Zuckerberg warns about economy as Meta lays off 10,000 employeesThe additional layoffs come after the company announced 11,000 layoffs in November.
Read more »
Meta CEO Mark Zuckerberg moves away from the metaverse in favor of AIInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Meta's job cuts are about Mark Zuckerberg's mistakes.Meta's big job cuts aren't about the tricky economy or rising inflation. They're about Mark Zuckerberg's mistakes.
Read more »
Zuckerberg has second thoughts on remote work amid Meta layoffsTucked into Mark Zuckerberg's note that 10,000 more Meta workers are being laid off is an endorsement of in-person work.
Read more »
Zuckerberg: Meta's 2nd round of layoffs to cut 10,000 jobsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »